Real Ispat and Power Ltd
Website:
realispat.com
Job details:
Job Title: General Manager – Finance & Accounts
Location: Raipur (C.G)
Salary- Up to Rs 18 LPA
Department: Finance & Accounts
Reporting To: Director
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Role Overview
The General Manager – Finance & Accounts will be responsible for leading the financial strategy, planning, compliance, and overall financial management of multiple real estate projects. The role requires strong expertise in project accounting, RERA compliance, taxation, and fund management, along with leadership capabilities to drive financial performance and controls.
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Key Responsibilities
1. Financial Strategy & Planning
• Lead financial planning, budgeting, and forecasting across projects
• Develop and evaluate project feasibility models (IRR, NPV, cash flows)
• Provide strategic inputs on investments, land acquisition, and funding decisions
• Monitor overall financial performance and profitability
2. Project Accounting & Cost Control
• Oversee project-wise accounting including WIP, cost allocation, and revenue recognition
• Ensure compliance with Ind AS 115
• Monitor construction costs, budget adherence, and variance analysis
• Ensure accurate capitalization and inventory valuation
3. RERA & Regulatory Compliance
• Ensure compliance with RERA (including state-specific regulations such as CG RERA)
• Monitor escrow account compliance (70% fund utilization norms)
• Ensure timely submission of regulatory reports and financial statements
• Coordinate with regulatory authorities for project registration and updates
4. Taxation & Statutory Compliance
• Oversee GST compliance for real estate projects
• Ensure timely TDS, income tax filings, and advance tax payments
• Manage tax planning, assessments, and litigation support
5. Fund Management & Treasury
• Manage cash flows, working capital, and fund allocation
• Liaise with banks and financial institutions for project financing
• Monitor loan disbursements, debt servicing, and financial covenants
6. Sales Accounting & Receivables
• Oversee customer billing, collections, and receivables
• Monitor aging analysis and ensure timely collections
• Ensure accurate accounting of advances, cancellations, and refunds
7. Audit & Internal Controls
• Lead internal and statutory audits
• Strengthen internal control systems and ensure SOP compliance
• Address audit observations and implement corrective actions
8. Vendor & Contract Management
• Oversee vendor payments and reconciliations
• Ensure compliance with contractual terms and milestone-based payments
• Monitor advances, retention amounts, and certifications
9. MIS & Reporting
• Present MIS reports to management including profitability, cash flow, and variance analysis
• Develop dashboards for financial decision-making
• Provide actionable insights for business improvement
10. Team Leadership
• Lead and mentor finance team
• Drive process improvements and capability building
• Ensure coordination with cross-functional teams
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Key Competencies
• Strong financial and analytical skills
• Strategic thinking and decision-making ability
• Leadership and team management
• High integrity and ethical standards
• Problem-solving and proactive approach
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Qualifications & Experience
• CA / CMA (mandatory); MBA (Finance) preferred
• 15–20 years of experience, including minimum 3 years in real estate
• Strong knowledge of RERA, GST, and project accounting
• Experience in handling multiple projects
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Key Reports & Frequency
• Financial MIS Dashboard – Monthly
• Project Profitability Report – Monthly
• Budget vs Actual Analysis – Monthly
• Cash Flow Statement – Weekly & Monthly
• Payment Aging Report – Monthly
• RERA Compliance Report – Quarterly
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Application Process
- Interested candidates can share their CV at ankitasingh@realgroup.org or WhatsApp at 9109972720.
Click on Apply to know more.